Brazil Moves to Regulate Crypto; Telcel Begins Mexico 5G Rollout

A roundup of Tuesday’s news from across Latin America

Bloomberg Línea
February 22, 2022 | 07:35 PM

Bloomberg Línea — Brazil’s Senate took a first step on Tuesday to regulate the domestic cryptocurrency market with the advance in the processing of a bill that creates basic rules for digital currency funds and their daily use.

In Mexico Telcel, América Móvil’s mobile business in the country, announced the beginning of the deployment of its 5G network service, its most important launch in Latin America. The initial deployment covers 18 cities in the country, with a potential reach of 48 million people, América Móvil executives said at a press conference.

And on the stock markets, the Mexican stock market had the best performance in Latin America, closing with a gain of 1.11%, while shares of Grupo Carso (GCARSOA1), América Móvil (AMXL) and Grupo Aeroportuario del Pacífico (GAPB) were among the best performers of the day.

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Brazil’s Ibovespa (IBOV), the leading index of the largest stock market by market capitalization in the region, was the second best performer, ending with a gain of 1.04%.

Following is a roundup of Tuesday’s news from Bloomberg Línea and Bloomberg reporters across Latin America.

Argentina:

Brazil:

Chile:

Colombia:

Ecuador:

Guatemala:

Mexico:

Panama:

Uruguay:

This is how the region’s markets closed on Tuesday, February 22: